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Street expects RIL stock rerating after $15-billion Saudi Aramco deal

The key trigger for the stock is the acquisition of a 20 per cent stake in RIL's refining and petchem business by Saudi Aramco at an enterprise value of $75 billion

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Reliance Industries

Ujjval Jauhari  |  New Delhi 



Logo of Saudi Aramco. (Photo: Reuters)
Logo of Saudi Aramco. (Photo: Reuters)

The investment by the world’s largest oil company Saudi Aramco in (RIL) at higher valuations could reverse investor sentiment in the stock. The RIL scrip was down 16 per cent in the last three months due to Street concerns on rising debt levels, continued investments, and profitability pressures in its core oil-to-chemicals business.

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First Published: Tue, August 13 2019. 00:41 IST

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